Dupont Capital Management Corp Trims Position in Constellation Brands, Inc. (NYSE:STZ)

Dupont Capital Management Corp trimmed its holdings in Constellation Brands, Inc. (NYSE:STZFree Report) by 5.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 43,458 shares of the company’s stock after selling 2,368 shares during the period. Dupont Capital Management Corp’s holdings in Constellation Brands were worth $10,506,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Indiana Trust & Investment Management CO purchased a new stake in shares of Constellation Brands in the third quarter valued at about $25,000. Impact Partnership Wealth LLC raised its holdings in shares of Constellation Brands by 1,175.0% in the third quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock valued at $26,000 after buying an additional 94 shares during the last quarter. BKM Wealth Management LLC acquired a new position in shares of Constellation Brands during the fourth quarter worth about $28,000. Asset Dedication LLC increased its stake in shares of Constellation Brands by 3,833.3% during the third quarter. Asset Dedication LLC now owns 118 shares of the company’s stock worth $30,000 after acquiring an additional 115 shares during the period. Finally, Resurgent Financial Advisors LLC acquired a new position in shares of Constellation Brands during the fourth quarter worth about $34,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Constellation Brands news, major shareholder Family Foundation Sands sold 354,616 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $250.26, for a total transaction of $88,746,200.16. Following the transaction, the insider now owns 54,461 shares of the company’s stock, valued at $13,629,409.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 16.19% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $295.00 price target on shares of Constellation Brands in a research note on Thursday, March 7th. Piper Sandler initiated coverage on shares of Constellation Brands in a research note on Friday, March 22nd. They set an “overweight” rating and a $300.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on shares of Constellation Brands from $309.00 to $301.00 and set an “overweight” rating on the stock in a research note on Thursday, December 21st. TheStreet lowered shares of Constellation Brands from a “b” rating to a “c+” rating in a research report on Friday, January 5th. Finally, Evercore ISI restated an “outperform” rating and set a $300.00 target price on shares of Constellation Brands in a research report on Wednesday, March 27th. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $290.37.

Check Out Our Latest Report on STZ

Constellation Brands Stock Performance

Shares of STZ opened at $267.47 on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.46 and a current ratio of 1.05. The company has a market capitalization of $48.90 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 1.89 and a beta of 0.97. The company’s 50 day simple moving average is $254.01 and its 200 day simple moving average is $246.45. Constellation Brands, Inc. has a 1 year low of $217.05 and a 1 year high of $273.65.

Constellation Brands (NYSE:STZGet Free Report) last announced its quarterly earnings data on Friday, January 5th. The company reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.03 by $0.16. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.54 billion. Constellation Brands had a net margin of 14.76% and a return on equity of 23.35%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.83 earnings per share. On average, sell-side analysts predict that Constellation Brands, Inc. will post 11.92 EPS for the current year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Wednesday, February 7th. Constellation Brands’s dividend payout ratio is currently 42.13%.

Constellation Brands Profile

(Free Report)

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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